News for Gujarat State Petronet Limited (GSPL.NS)

Gujarat State Petronet Ltd has commissioned a natural gas pipeline connecting the Chhara LNG terminal with the gas grid. The 18 million standard cubic metres per day pipeline, costing Rs 650 crore, runs close to the Gir National Park & Wildlife Sanctuary and enhances natural gas availability in line with India's energy mix goals.

New natural gas pipeline commissioned by GSPL connects HPCL's LNG terminal in Gujarat, passing through Gir National Park.

The sharp sell-off reflects market concerns over rising input costs due to lower APM gas availability, impacting profitability expectations.

Sensex and Nifty50 hit record highs on Thursday, driven by gains in commodity stocks and expectations of China cutting mortgage rates. The Nifty rose 1.89% to 25,388, while the Sensex increased 1.77% to 82,962. Analysts foresee continued gains with key resistance at 25,500.

Benchmark index Nifty50 reached an all-time high for the fourth straight session, driven by gains in IT and financial stocks, while also marking its 13th session of the rally. Key stocks like Bajaj Finserv and HCL Tech rose notably. Nifty FMCG and Nifty IT sectors saw gains, although midcap and smallcap indices dropped by around 0.3%.

GSPL share price: GSPL moved higher by 6 per cent to hit a new high of Rs 469.60, bouncing back 13 per cent from its intraday low on Monday

Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.

Indian benchmark indices open mixed, with Sensex at 82,725.28 and Nifty at 25,333.60; market influenced by global cues and economic data.

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

As part of this restructuring, GGL’s Gas Transmission Business will be demerged and listed separately as GSPL Transmission Limited (GTL) on stock exchanges. The scheme also outlines specific shareholding arrangements for current shareholders of GSPL and GSPC.

Gujarat State Petronet Ltd. announced on Friday a restructuring plan to simplify its corporate structure. Following the restructuring, the company will operate through two main entities: Gujarat Gas Ltd. and GSPL Transmission Ltd. The restructuring is subject to approval from the Ministry of Corporate Affairs, the National Stock Exchange of India, the BSE, shareholders, and creditors, according to an exchange filing.

Indian stock markets gain momentum with top gainers like JM Financial and Caplin Point Laboratories, showing broad-based participation.

Out of the 2,667 stocks traded on the NSE, 1,478 advanced, while 1,111 declined, and 78 remained unchanged during the intra-day deals on Monday: Mid-market update

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 14, 2024.

Based on the OI percentage, 71 stocks were on the short-covering list. This included PI Industries, MRF, GMR Airports Infrastructure, United Spirits, and Can Fin Homes.

Tata Steel board approves allotment of 7.58 cr shares to eligible shareholders; BSE, NSE impose fines on Adani Green Energy; Genesys International signs pact with Survey of India; USFDA pulls up Cipla for manufacturing lapses; Power Grid Corp board approves Rs 367 cr investment; CDSL crosses 10 cr demat accounts; CG Power files application for semiconductor facility; Servotech Power Systems bags order for 2,649 EV chargers; Sintex BAPL gets Odisha govt approval for Rs 479.47 cr investment; Mukta Arts enters into agreement with Al-Othaim; Mirae Asset Mutual Fund increases stake in Gujarat State Petronet; Shalby executes Amendment Agreement with Santacruz Residents Association; BCPL Railway Infrastructure bags electrification project; CE Info Systems board to consider fund raising proposal.

Stocks to watch: Check out the companies making headlines before the opening bell today, on November 7, 2023.

On September 18, Monday, StockEdge identified 30 stocks trending up, a signal that investors often find valuable. ETMarkets has cherry-picked 10 of these stocks to explore their Relative Strength Index (RSI) trends and shed light on why RSI is a crucial tool for assessing stock movements.

A short build-up was seen in 74 stocks, including Vedanta, RBL Bank, Godrej Properties, L&T Finance Holdings, and Berger Paints. An increase in OI along with a fall in price points to a build-up of short positions